Source
r/wallstreetbets•
phiiscool

This shit is cooked.

Discussion

https://www.alphaquery.com/stock/SPY/volatility-option-statistics/20-day/option-breakeven

20-day average option breakeven for SPY is falling off a cliff, even as SPY rises astronomically.

Think about it: if SPY is at ~260, and 20-day average option breakeven is ~213, what does that imply? The average breakeven for puts alone is 189.

Someone is selling these puts, but who and why?

Someone is buying these puts, but who and why?

Why are so many of them very OTM?

Why are people buying puts with lower strike prices as markets rise?

Is this just autism from WSB doubling down on FDs?

Posted Mar 26, 2020, 6:57 PM UTC

6139
DingleBaerry•

Uh. We’re buying the puts.

140
peerlessblue•

That's one out of four questions answered

35
DingleBaerry•

You’re expecting me to be un-retarded enough to read more than one line.

Ban!

9
peerlessblue•

I am now realizing that there are significantly more than four questions, we are both retarded

4
psycho_driver•

I had to read slowly to make sure you counted wrong and weren't actually a plant

1
NarleyNoob•

Not bad for a bunch of autists

1
aDAMNPATRIOT•

Belly laugh from me thanks

7
DingleBaerry•

🍆✊👊💦🤤🤧🍺🦠😲😵🤷‍♂️🇺🇸👍🐂💩

6
midwestck•

rubber band

28
WaterlooOP•

Companies buy to hedge positions. I think idk i have no positions cause questrade takes 100 and five years to register me my account

27
phiiscoolOP•

Other index-tracking ETFs don't have the same issue. QQQ is fine. SPY is cooked. Something fucky is happening, and it might be because of this retarded sub.

17
daniel_bran•

What do you think ?

3
st_malachy•

He “thinks” that all the Wendy’s employees in this sub are moving the market against central banks. He also dipping his tendies in his frosty.

2
effvobis•

What do you think the implication of this will be?

3
goliathsworstenemy•

Dude I wish RH took that long. That way I could have FOMO on potential gains, instead of all these potential dildo losses.

3
AChickenCannon•

I will say, I’ve bought puts every single day this week. So I’m sure there’s a ton of people here as retarded as me.

23
Fraggleschoolofrock•

Imdoingmypart.gif

3
[deleted]•

[deleted]

18
mrthaumy•

You must be rich as fk

5
nerd_moonkey•

Toilet Bonds

2
topkekcel•

Someone is selling these puts, but who and why?

The smart people. For Money.

​

Someone is buying these puts, but who and why?

The autists. For tendies.

18
Bldyknuckles•

People are hedging their futures contracts. Come on, this is like, futures 101. Literally 1st semester MBA stuff.

17
DOTA06•

lol bragging about having an MBA on wallstreet bets

41
[deleted]•

[deleted]

14
TheTimmothy•

how should i know futures 101 if I don't even know 1st means

*

3
phiiscoolOP•

I'm not a retard. I know like 99.99% of options volume is hedging. It's uncommon to see this happen to one particular index-tracking ETF ticker to this extent.

1
cleveland-216•

If you’re not a retard you’re in the wrong place buddy

13
jbforlyfe•

There was a post on here on like Monday that showed all the volume, 50,000, on Spy $170 4/17 calls at 0.80 a contract. Whoever those people were, dectrupled their money in two days.

15
Orichlolbuttfrustrated they aren't a mod•

Wut

7
Zahara_Cody•

270 and 290 calls

3
Orichlolbuttfrustrated they aren't a mod•

Damn.

1
Naehtepo•

$170c? Do you mean puts?

1
llllllllhhhhhhhhh•

This guy is playing 4d chess SpY 170 calls. Never thought about that before, huh.

6
redditsgarbageman•

lol, not shit Sherlock.

3
Ski_g•

The big boys are playing the fuck out of this sub.

3
mmachado22•

So the puts are ok right?

2
[deleted]•

[deleted]

2
[deleted]•

[removed]

1
[deleted]•

[deleted]

1
[deleted]•

[removed]

1
[deleted]•

[removed]

1
[deleted]•

[deleted]

1
monalisasnipples•

Someone is selling these puts.

Yeah people who are making almost guaranteed money are selling the puts to WSB retards like us

1
SamQuentin•

Bull run coming

Near zero interest rates Cheap oil - bad for energy but good for most everything els CovID projections coming down Many companies will SAVE money by laying off workers Depression risk down Massive consumer spending - mostly by hoarders

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